Basics
Over the years many type of taxes have been introduced. The
above are applicable in the year 2007-2008.
Excise - MM - Domestic
Basics
Excise - MM - Domestic
Basics
Excise - MM - Domestic
Basics
Once the purchase and sales documents are posted, then programs
are run to update the various excise registers.
The monthly utilization program is run, to determine the payout to
the government.
A separate account called PLA will be credited with amount for
making payouts. The payout is determined through the TR6 challan.
Excise - MM - Domestic
Excise - MM - Domestic
Click the taxes button on the invoice tab to view the tax details.
The tax code W2 has BED 16% (CnTy JMO1), ECESS 2% (CnTy JEC1),
and HECess 1% (CnTy JA1S).
The taxes are calculated automatically by the system, which are used
at the time of GR and invoice posting.
Since, these are taken credit for, these cannot be inventorized, i.e., it
will not become part of the item cost.
Excise - MM - Domestic
Excise - MM - Domestic
Let us look at the accounting postings. Goto MIGO Display mode material
document number excise invoice tab.
From the detail screen (as in 1), double click accounting document, which will
show the accounting entry view (as in 2)
Excise - MM - Domestic
As the item is a raw material, the excise is posted to the RG23A accounts. If it
were a capital item, it would have been posted to the RG23C accounts.
Excise - MM - Domestic
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In the excise invoice tab, choose Part 1. The amount details shown
immediately vanish. Post and Note the document number generated.
At this point of time only the quantity has been posted, which is the
part 1 part. The value posting is done through transaction J1iEX.
Part 2 posting is done with reference to the material document. Choose
Capture Excise Invoice, Material Document Number.
Excise - MM - Domestic
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At this point of time only the quantity has been posted, which is the
part 1 part.
Run TXN J1iEX with selections as capture excise invoice and goods
receipt. Give the GR document number and enter.
In the following screen give the excise invoice number and document
date. Document date cannot be lesser than GR date.
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Duty rates
2.
3.
Part 1, details
3
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On simulation
On posting
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Follow the procedure to make the GR and come to the excise tab. In
the Excise tab choose No Excise Entry and post the document. Note
the document number generated.
Run Transaction J1i5 to first make the part 1 entry.
After, this through J1iEX, we have to capture the invoice and post,
which is the process followed in method 2.
Method 3, can be followed where, the inventory person be not bothered
with the excise details. His only requirement, is to inward the goods. All
the other activities are done by the excise person.
Excise - MM - Domestic
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Once simulated the icon shown green color. Select the item again and then click create.
Create button
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Now, process TXN J1iex. Choose capture excise invoice and select
goods receipt. Give the material document number and press enter. The
system lists the items in the material document. The following are the
screen shot of the excise invoice.
Excise - MM - Domestic
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Save the document to post the part 2. The same procedure applies for capital goods.
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Excise - MM - Domestic
Give IIM
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Give the excise document internal number and the document year and
click on release to accounting.
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On Saving
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